Formula Asset Value

26 October 2009 The Company announces that the unaudited estimate of the total assets of Jupiter Second Enhanced Income Trust PLC as at the close of business on 23 October 2009 (including accrued income and expenses and assuming the Company is wound up at the date of this announcement ('FAV')) was £59.587 million (including the net asset value attributable to the Zero Dividend Preference shares). The asset values of the various classes of shares are estimated to have been: +-------------------------------------------+ | | Asset Value | | | per Share (p) | |---------------------------+---------------| | Zero Dividend | | | Preference Shares ('ZDP') | 84.02 | | | | |---------------------------+---------------| | Geared Income | | | Shares | 10.83 | | | | |---------------------------+---------------| | Packaged Units | 94.85 | | | | +-------------------------------------------+ The holders of Geared Income Shares are entitled to all the net revenue profits (including accumulated but unpaid revenue reserves) of the Company on a winding-up (after payment of the Company's liabilities) in priority to the capital entitlement of the holders of ZDP shares, even in circumstances where the Company has insufficient assets to pay the final capital entitlement of the ZDP shares on the Winding-Up date in full. Accordingly assets equivalent to that amount would not be available to holders of ZDP shares. Monthly fact sheets for Jupiter's investment trust clients are available for download from www.jupiteronline.co.uk and by post of fax on request from the company secretarial department. Enquiries: Faith Pengelly Company Secretarial Department Jupiter Asset Management Limited fpengelly@jupiter-group.co.uk 0207-314-4915 ---END OF MESSAGE--- This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
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